Question: Please show all steps using a Financial Calculator. I have the BA II Plus TI Financial Calculator. Ch 15 100.Given the following information, calculate the

Please show all steps using a Financial Calculator. I have the BA II Plus TI Financial Calculator.

Ch 15 100.Given the following information, calculate the Effective Borrowing Cost (EBC). Loan amount: S175,000, 17 Term: 30 years, Interest rate: 7 %, Payment: $1,164.28, Discount points: 1 point, Origination fee: $3.250. Assume the loan is held until the end of year 10. A. 0.6% B. 3.8% Use your Financial Calculator: C. 7.0% D. 7.4%

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